Shell (SHEL)

Sector:

Energy Producers

Index:

FTSE 100

2,834.50p
   
  • Change Today:
      36.00p
  • 52 Week High: 2,946.00p
  • 52 Week Low: 2,318.50p
  • Currency: UK Pounds
  • Shares Issued: 6,297m
  • Volume: 5,649,517
  • Market Cap: £178,484m

Sector movers: Oil majors catch a bid after nearly a month of share price declines

By Alexander Bueso

Date: Monday 10 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in the Greenback.
Contributing to those gains was news that analysts at Goldman Sachs were forecasting that the price of Brent crude would reach $86 a barrel in the third quarter.

The analysts were anticipating that oil markets would see a shortfall of 1.3m barrels a day over the three months ending in September.

Barring geopolitical hits to supplies the broker still saw a range of $75-90 as the most likely scenario for 2024, followed by an average price of $82 a barrel in 2025, Dow Jones Newswires reported.

Data published on 7 June showing a hefty 272,000 jump in US non-farm payrolls during the month of May was also supporting prices.

For his part, UBS's Giovanni Staunovo noted the latest data on positioning, which had revealed a massive week-over-week decline in net long positions via oil futures and options among non-commercial accounts.

Dow Jones had him down as saying in a research note: "Net length now stands at just 50 million barrels, the lowest level since 2011, while short positioning stands close to record highs."

Next up, oil cartel OPEC was scheduled to release its next monthly oil market report the next day.

Top performing sectors so far today

Oil, Gas and Coal 9,033.48 +1.18%

Industrial Transportation 4,187.78 +1.11%

Aerospace and Defence 11,567.74 +0.87%

Industrial Metals & Mining 6,892.12 +0.47%

Gas, Water & Multiutilities 5,574.96 +0.23%

Bottom performing sectors so far today

Leisure Goods 24,383.63 -2.35%

Beverages 21,114.67 -2.11%

Non-life Insurance 3,639.67 -1.87%

Automobiles & Parts 1,140.92 -1.54%

Retailers 3,871.66 -1.47%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Shell Market Data

Currency UK Pounds
Share Price 2,834.50p
Change Today 36.00p
% Change 1.29 %
52 Week High 2,946.00p
52 Week Low 2,318.50p
Volume 5,649,517
Shares Issued 6,297m
Market Cap £178,484m

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.12% above the market average77.12% above the market average77.12% above the market average77.12% above the market average77.12% above the market average
73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average
Price Trend
72.30% above the market average72.30% above the market average72.30% above the market average72.30% above the market average72.30% above the market average
74.68% above the sector average74.68% above the sector average74.68% above the sector average74.68% above the sector average74.68% above the sector average
Income
70.09% above the market average70.09% above the market average70.09% above the market average70.09% above the market average70.09% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
1.56% below the market average1.56% below the market average1.56% below the market average1.56% below the market average1.56% below the market average
10.2% below the sector average10.2% below the sector average10.2% below the sector average10.2% below the sector average10.2% below the sector average

What The Brokers Say

Strong Buy 7
Buy 9
Neutral 6
Sell 0
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Shell Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 16-May-24 15-Feb-24
Paid 24-Jun-24 25-Mar-24
Amount 34.40¢ 34.40¢

Trades for 18-Jul-2024

Time Volume / Share Price
16:27 0 @ 2,837.50p
16:26 1 @ 2,839.00p
16:26 1 @ 2,839.00p
16:26 1 @ 2,839.00p
16:21 5 @ 2,838.00p

Shell Key Personnel

CFO Sinead Gorman
CEO Wael Sawan

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